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For more classes visit\nwww.snaptutorial.com\n\n\n\n\nThis Tutorial contains 3 Set of Finals\n \nACC 304 Final Exam Part 1 (3 Sets) 1\n \n1) Swing High Inc. offers its 100 employees to participate in an employee share-purchase plan. Under the terms of plan, employees are entitled to purchase 10 shares at 10% discount. The par values of shares were $10. Overall, 60 employees accepted the offer and each employee purchased six shares. The market price on purchase date was $100.\n \nWhat is the compensation expense recorded by Swing High Inc.?\n \n
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ACC 304 Final Exam Part 2 (2 Sets)
ACC 304 Week 2 Chapter 8 Quiz (All Possible Questions)
ACC 304 Week 3 Chapter 9 Quiz (All Possible Questions)
ACC 304 Week 4 Chapter 10 Quiz (All Possible Questions)
ACC 304 Week 5 Midterm Part 1 (Set 1)
On September 19, 2014, Markham Co. purchased machinery for $285,000. Salvage value was estimated to be $15,000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, Markham should record depreciation expense for 2015 on this machinery ofACC 304 Course Success is a Tradition -snaptutorial.com
ACC 304 Week 5 Midterm Part 1 (Set 3)
1) Tongas Company applies revaluation accounting to plant assets with a carrying value of $1,600,000, a useful life of 4 years, and no salvage value. Depreciation is calculated on the straight-line basis. At the end of year 1, independent appraisers determine that the asset has a fair value of $1,500,000.ACC 304 Course Success is a Tradition -snaptutorial.com
ACC 304 Week 6 Chapter 12 Homework
1) Waters Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $400,000. The Johnson Division’s net assets, including the good well, have a carrying amount of $800,000. The fair value of the division is estimated to be $1,000,000.prepare Water’s journal entry to record impairment of the goodwill.ACC 304 Course Success is a Tradition -snaptutorial.com
ACC 304 Week 7 Chapter 13 Homework
1) Takemoto Corporation borrowed $64,850 on November 1, 2014, by signing a $68,450, 3-month, zero-interest-bearing note. Prepare Takemoto’s November 1, 2014, entry; the December 31, 2014, annual adjusting entry; and the February 1, 2015, entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.ACC 304 Course Success is a Tradition -snaptutorial.com
ACC 304 Week 8 Chapter 14 Homework
1) Teton Corporation issued $704,000 of 9% bonds on November 1, 2014, for $745,018. The bonds were dated November 1, 2014, and mature in 8 years, with interest payable each May 1 and November 1. Teton uses the effective-interest method with an effective rate of 8%.ACC 304 Course Success is a Tradition -snaptutorial.com
ACC 304 Week 9 Chapter 15 Homework
1) Ravonette Corporation issued 375 shares of $14 par value common stock and 128 shares of $51 par value preferred stock for a lump sum of $17,118. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share.ACC 304 Course Success is a Tradition -snaptutorial.com
ACC 304 Week 10 Chapter 16 Homework